Applied Nanotech Enters into Agreement with Prominent Chemical Company

Applied Nanotech
Holdings, Inc. (OTC BB: APNT) announced it has entered into a continuation
of its research and development agreement with a leading industrial chemical
products company in Japan for manufacturing and commercializing nano-copper
inks and pastes. This follows the exclusive licensing agreement signed in July
2009 with this same prominent chemical company (see press release dated July
9, 2009). The new research and development agreement, the fourth phase of the
project, is effective October 1, 2009 and covers a six-month period. Applied
Nanotech will receive a minimum of $300,000 in funding this phase.

This extended project, which began in October 2006, is located at ANI’s
facility in Austin, Texas, where ANI is providing a team of researchers, laboratory
space, and equipment. This project has resulted in the previously mentioned
exclusive agreement. This next phase of the project will focus on finalizing
the technology transfer, personnel training, and the development of applications
for copper nanoparticle inks and pastes with potential customers.

“Together with our strategic partner, we are moving closer to the commercialization
of our copper nanoparticle inks and pastes,” said Dr. Zvi Yaniv, CEO of
Applied Nanotech, Inc. “As the efforts of our partner in Japan are focused
on both manufacturing and development of applications, it is our commitment
to continue supporting research and development that will accelerate the introduction
of products and applications.”

“We are pleased to assist our partner in their commercialization effort,”
said Doug Baker, CEO of APNT. “This strong collaboration is indicative
of our mission to monetize technology.””

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